Also, accounting for startups gets a new meaning with Deskera Books. Key Takeaways In this post, we have learned about the various services under RCM along with the considerations under RCM. We have also learned about the accounting treatment of RCM which says that individuals must pay the ...
In the instance that, the Invoice value for the quarter is lesser than RCM paid based on 2 months provisions, there would be no requirement to reverse RCM paid or ITC claimed, as it has a NIL revenue impact. Recent update in Section 13 of IGST Act 2018 (Amendment Act w.e.f. 1st ...